Legato Merger Corp. Announces Closing of Upsized $205,000,000 Initial Public Offering

Jan 22, 2021

New York, NY, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp.(NASDAQ: LEGOU) (the “Company”) announced today that it consummated its upsized initial public offering of 20,500,000 units at $10.00 per unit generating total gross proceeds of $205,000,000. The units were listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “LEGOU” and began trading on Wednesday, January 20, 2021. Each unit consists of one share of common stock and one warrant to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on Nasdaq under the symbols “LEGO” and “LEGOW,” respectively.

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